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20100401
20100430
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business, all segments of our business and all geographic areas. so it's very comprehensive. >> toyota is a big brand for the autonation brand. clearly that was taken out of the mix in february. how did it behave in march and what dow expect from the toyota brand for autonation. >> well, what we saw with this crisis was that the fundamental trust and confidence that toyota customers had in the brand and the product toyota remained. and the american people are very forgiving. but they would like a gesture. so we communicated to toyota at the end of february that some level of incentive was appropriate considering the circumstances. and they came with a very nice program. and toyota customers responded dramatically to it. for us, our toyota business was up 38% in march compared to a year ago. >> how have your ford dealers been behaving. >> ford's done very well, up 40% for the entire quarter so it's very impressive number. ford accrued a dramatic brand goodwill from the american people by not taking a government bailout. then they had extraordinary products there ready and waiting. becau
." >> tom: toyota marches back, while ford and general motors share in the gains. here's a rundown of march's car and truck sales. toyota played comeback kid-- sales rose 41% on hefty incentives after the recalls. aggressive incentives also boosted sales at ford motor, up 40%. and at g.m., march sales were up 21%. the numbers are exaggerated by easy comparisons to last year, when the recession was in full swing. but chrysler is still struggling to gain traction-- sales there fell 8% last month. >> susie: auto dealers are still counting on a blockbuster spring selling season. consumers are back in showrooms, and it looks like they're ready to buy again. but as diane eastabrook reports, the economy is still the wild card. >> reporter: they're back. consumers flocked to dealer lots last month, thanks to warmer temperatures, a string of incentives, and optimism about the u.s. economy. tom bavone is seeing a complete change in customer attitude at his ford dealership. >> they talk about their jobs are doing well. they feel more secure in their jobs and they seem happier, you know. it's better th
the transportation department wants to fine toyota for allegedly hiding gas pedal problems from safety regulators. >> tom: susie, the proposed fine doesn't sound like a lot of money for the world's largest automaker, but it's the maximum allowed by law. >> susie: tom, it's also the largest civil penalty ever issued to an automaker by uncle sam. the transportation department says toyota didn't notify the government about its sticky pedal problem for four months. automakers are required to notify regulators of a possible defect within five business days. more than two million cars in the u.s. were recalled for that problem. toyota has two weeks to respond to the proposed fine; so far no comment from the company. meanwhile, some "braking" news from general motors. after those problems at toyota, g.m. is now promising brake override systems on all its vehicles within two years. the move is in anticipation of stricter u.s. regulatory standards. the override system cuts power to the engine when the brake and gas pedals are pressed at the same time. right now, only a handful of g.m. vehicles have this f
explosion outside of a school, a 6-year-old boy was killed. toyota has agreed to pay a record $16.5 million to american safety regulators. toyota was asked to pay because regulators failed to inform the government of troubles. the chinese president has visited the scene of the earthquake on the get plateau. rescue teams are still picking through rubble. at least 1,700 people are now known to have died. >> good to have you with us. stay if you can. pope benedict xvi marks five years in the vatican. we go to germany to find out how the chump is grippling with the child sex abuse scandal. >> first, though, the exiled former prime minister of thailand has again called for parliament to be dissolved and for a new election. that is the main demand of the red shirt protestors who have been camping for weeks in the middle of bangkok. most support him. hundreds of soldiers have been deployed to stop the movement into the business district. last week 25 people died when the protests turned violent. we have this report from the thai capital. >> troops on the streets of bangkok, heavily armed and ready
: japanese automaker toyota said today it tested a luxury s.u.v. deemed a safety risk, and got the same results. that test came this week, after "consumer reports" magazine said the lexus g.x. 460 can roll over. toyota is looking at potential fixes for the problem. meanwhile, the automaker could be heading back to capitol hill for another round of hearings. the house energy and commerce committee has set may 6 to review the automaker's electric throttles. those throttles are at the heart of questions about sudden acceleration in toyota and lexis vehicles. >> the civil fraud charges against goldman sachs come as big bank of nov banks have sn big. rochdale securities. joining us from the gulf coast. dick, nice to see you. welcome back to "nightly business report". >> thank you. >> tom: how does this goldman sachs case color your view of the company, as well as the stock. >> it should be stated clearly if in fact goldman sachs did something improperly, they should be fined for it, and they should be punished. if we make the assumptions for analytical purposes they did do something wrong, m
to see the volcano firsthand. >> tom: more trouble for toyota. now, the government is looking at the stability of its lexus gx-460. that's the s.u.v. model that "consumer reports" says is a potential rollover risk, leading toyota to stop selling it. the national highway traffic safety administration says it is already working on its tests. this is the latest problem in an ongoing saga for toyota. the japanese auto maker has until monday to respond to a proposed $16 million government fine for hiding defects that caused its vehicles to suddenly accelerate. >> susie: today's the day, the deadline for taxes. federal returns have to be postmarked by midnight. but kevin mccormally says don't stress out because the calendar says april 15. he's editorial director at kiplinger's personal finance, and he has a few more tax tips before the big deadline. tonight-- why you may not have to worry at all about today's deadline. >> with just a few hours to go before the tax deadline, i want to remind anyone struggling to finish a 1040, or that wonderful little form 4868 that pushes the deadli
toyota said. 20 10 s.u.v., that's the lexus 460 model. the move comes after consumer reports urged readering to steer clear of that model. they put a rare "don't buy" recommendation on that lexus because of a rollover risk. 4800 of those s.u.v.s have already been sold so far this year. the sales suspension comes as le lexus parent toyota deals with massive recalls and problems. >> tom: those problems at toyota have helped boost sales at rival ford. the automaker said today u.s. sales jumped 37% in the first three months of this year. that's ford's largest quarterly market share gain since 1977. ford's entire lineup saw higher sales, most notably in s.u.v.s and pickups, enough to make the company optimistic about consumer confidence. we'll find out more about ford's quarterly performance when it reports earnings at the end of the month. >> susie: it's crunch time, with just two days to go until your federal taxes are due back at the i.r.s. and kevin mccormally is here to help. he's editorial director at kiplinger's personal finance. in tonight's "tax tips", kevin takes on the 1099 m
. they'd also have to expand their disclosure to investors. >> tom: a twist tonight in the toyota recall saga. the associated press has learned that a u.s. toyota executive wrote an email to higher ups at the auto giant five days before a massive recall. it said, quote, "we need to come clean" about accelerator problems. the a.p. obtained the internal email written by irv miller, toyota group's vice president for environment and public affairs. the note went on to say, quote, "the time to hide on this one is over." miller has since retired. >> susie: in the "money file" tonight, why foreign bond funds can be a dicey choice for everyday investors. here's eric schurenberg, editor- in-chief at "cbs moneywatch". >> one of the pillars of a well-rounded investment portfolio is international stocks. you own some, don't you? owning foreign stock funds lets you ride economies that may be healthier than ours, and lets you earn some of your investment profits in a currency other than the dollar. so when the dollar falls, your foreign stock funds rise, because they pay off in a currency that's sudde
focus. >> susie: toyota's legal battles will be waged in a federal courtroom in los angeles. a judicial panel decided that today. it affects more than 200 lawsuits against the automaker filed around the country. it also means one judge will make the pre-trial decisions for all the cases. some suits are by toyota owners claiming their vehicles have lost value. others are asking for money for injuries from sudden acceleration problems. toyota has recalled more than eight million vehicles worldwide for issues with their gas pedals and brakes. >> tom: here's what we're watching for next week. our friday market monitor guest is dr. hans black, chairman of inter-invest. on monday, alcoa kicks off the first quarter's earnings season. later in the week, we'll see results from bank of america, general electric, google and j.p. morgan. monday, u-s/china relations. we'll look at the currency and trade issues, as the leaders of both countries meet. >> susie: netflix customers who want to see popular movies like "avatar" will have to wait even longer. today, the online movie rental company and twent
for toyota, this time it's 2010 lexus gx460 s.u.v. the problem is a potential roll- over risk. sales were suspended last week after consumer reports issued a rare don't buy rating. separately, toyota will pay a record $16 million fine for not reporting a safety problem with defective gas pedals. the company says it settled with government to avoid litigation. and still ahead on the program, face value. you might be surprised how many people base the trustworthiness of their financial advisor solely on looks. >> susie: airlines were cleared to resume some flights out of europe today as ash from the icelandic volcano began to clear. bu already, airline losses have soared to past the billion dollar mark. that's more than the impact of 9/11. erika miller takes a look at the impact here in the u.s. on the travel industry. >> reporter: new york city is more than 2,500 miles away from the icelandic volcano eruptions. but even here there are business disruptions. new york city estimates it could lose as much as $250 million in tourism revenues. however, the man behind the data, george fertitta, d
since buffett bought the railroad. another recall for toyota, this time it's sequoia s.u.v.s. 50,000 vehicles bought in early 2003 are being recalled to fix a software glitch that causes a delay when accelerating. the recall comes nearly a year and a half after safety regulators began looking at the problem. toyota says there have been no reported injuries or accidents due to the issue. dealers have been notified and about half of the recalled vehicles have already been repaired. >> tom: a first of its kind energy project got the green light today from uncle sam. a 130 turbine wind farm in the waters off cape cod, massachusetts is scheduled to start construction later this year. the $1 billion facility is expected to produce enough electricity to power 400,000 homes. german conglomerate siemens will supply the turbines. opponents say the project will endanger marine life and commerce in the area, they plan a lawsuit to stop it. >> susie: for the past few years, the home furnishings sector has gotten hammered, especially high end chains like ethan allen. but the company is showing
government told toyota today to pay more than $16 million, a record civil penalty for an automaker. transportation secretary ray lahood said toyota should have notified regulators much sooner about gas pedals that were sticking. the company has two weeks to accept or contest the fine. toyota is an underwriter of the newshour, for the record. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's web site. for now, back to jeff. >> brown: and still to come on the newshour, the i-pad and the future of computing; troubled times for silicon valley; and jews, arabs, and the holocaust. but first, the pope's response to the scandals that have rocked the catholic church. margaret warner has the story. >> warner: on a soggy sunday in rome, thousands of the faithful celebrated easter mass in st. peter's square. but amid the age old ritual came a break with tradition. cardinal anglo, dean of the college of cardinals irb issued a ringing tribute to pope benedict xvi lauding him as the unfailing rock of the c
iyad allawi. toyota will pay the u.s. government a record fine of $16.4 million for safety violations. the transportation department accused the automaker of failing to report accelerator problems in a timely manner. toyota denied any wrongdoing, but said it wanted to avoid a "protracted dispute." also today, the company recalled the 2010 lexus gx 460 after "consumer reports" warned it's prone to rolling over. for the record, toyota is an underwriter of the newshour. on wall street today, blue-chip stocks made up some of the ground they lost on friday. the dow jones industrial average gained 73 points to close at 11,092. but the nasdaq fell 1 point to close at 2480. the russian government served notice today that a freeze on u.s. adoptions will stay in force until a new agreement is in place. talks were to begin today, but the ash cloud over europe prevented the u.s. delegation from getting to moscow. the russians imposed a freeze last week after a tennessee woman sent her adopted son back to russia by himself. those are some of the day's main stories. i'll be back at the end of the p
. and another one of the high mileage traditional cars. like the toyota prius. the prius gets a lot of people to go into the toyota showrooms, but a lot by the camry or corolla. >> how much did he change the management.ç when he came in september, he ousted a company insider. and whitaker doesn't come from autos. he comes from telecom. so did he really change the culture? did he live up to his promise we want to eliminate the bureaucrats see -- burke se bureaucracy of s company. >> exactly. they didn't interact a lot with the rank-and-file workers. and whitakerç goes down to the cafeteria, the company headquarters, and mixes with average workers. he is not a car guy. he did very well at at&t. he understands the numbers. he gives executives assignments and says get it done or i'll move you out. he is not going to put up with failure. >> how much do you think the news today reflects, again, g.m., versus improved fortunes forç the u.s. auto industry as a whole? >> the good news is people are buying cars. the auto sales rate is going up substantially. two million units a year over last year
increased since then. just before toyota announced a huge recall. the associated press reported today the warning was contained in an internal e-mail by irv miller, a company vice president. he since has retired. in the e-mail miller said "we are not protecting our costumers by keeping this quiet." the automaker had no immediate response for the report. for the record, toyota is an underwriter of the new england. the former chairman of the federal reserve-- alan greenspan -- today defended his actions during the run-up to the financial crisis. he appeared before a bipartisan commission, at a hearing focused on sub-prime mortgages. those loans went bad in droves and fueled the meltdown in 2008. the panel's chairman said it was the fed's fault. greenspan blamed mortgage lending giants fannie mae and freddie mac for pushing the risky loans. >> mr. chairman, why, in the face of all that, did you not act to contain abusive, deceptive subprime lending? why did you allow it to become such an infection in the marketplace? >> i think things were better than they would have been. were they enou
to suffocate or strangle. and toyota announced it's resuming sales of the 2010 lexus g.x. 460, after halting them last week. it said a software fix is now available at dealers, to stabilize the vehicle in tight turns. for the record, toyota is an underwriter of the "newshour." hundreds of mourners, from the president on down, paid final respects today to civil rights leader dorothy height. family, friends, political leaders and members of the general public attended the funeral at washington national cathedral. in his eulogy, president obama recalled height's 40 years as head of the national council of negro women. >> dorothy height was a drum major for justice. a drum major for equality. a drum major for freedom. a drum major for service. and the lesson she would want us to leave with today-- a lesson she lived out each and every day-- is that we can all be first in service. we can all be drum majors for a righteous cause. >> sreenivasan: dorothy height died last week at the age of 98. those are some of the day's main stories. i'll be back at the end of the program with a preview of what yo
an overnight session, with votes in the wee hours. toyota has added 50,000 sport utility vehicles to its list of recalls. the sequoias were sold in the u.s. during the early part of 2003. the automaker said the electronic stability control system could prevent the vehicle from accelerating at slow speeds. for the record, toyota is an underwriter of the "newshour." in thailand today, a standoff between security forces and protesters known as "red shirts" erupted into new violence, on the outskirts of bangkok. we have a report from nick paton walsh of "independent television news." >> reporter: when the red shirts said they'd take their seven week old protest from bangkok's center, to across the town, it was pretty obvious they'd soon run into an army, here in number to contain them. and if they were looking for trouble, they soon found it. ( gunfire ) amid the traffic and the sticky heat of a highway, they took pot shots at each other. it's become a new way of talking in a long conflict that many worry could drift into civil war. the police pelted with anything from rocks to bottles. and prote
someone for the new vacancy on the supreme court. >> toyota announced a new recall. the auto maker said it will check 600,000 siena minivans for corrosion in a cable. the affected minivans are sold in the u.s. from 1998 to 2010 model years. for the record, toyota is an underwriter of the newshour. new information has surfaced on the destruction of cia videotapes that showed water- boarding. the 92 tapes involved terror suspect abu zubaydah. internal emails released last night said former cia director porter goss agreed with the 2005 decision to get rid of the tapes. they said the videos showed interrogators did not follow procedures authorized by the bush administration. the death toll from this week's earthquakes in western china climbed above 1,100 today. officials also said more than 400 villagers are still missing in the mountainous area near tibet. meanwhile, buddhist monks created a makeshift morgue next to a monastery in the shattered region. they chanted and prayed over the bodies of hundreds of victims. >> ( translated ): for us, the tibetan people, this is critically important
at toyota? >> well, we have been getting new customers from the japanese -- our japanese competitors as well as domestic competitors but again, i would go back to the strength of the product line because as you know when it comes to customer satisfaction and quality and all the third-party endorsements, j.d. power and consumer reports, many believe we have the finest car lineup of small, medium and large cars, utility trucks ever. it's the strength of the products. >> reporter: you're talking about production in the second quarter being up about 40%. are you looking to bring people back to your plants, start hiring again? >> absolutely. one of the neatest things we're all very excited about is that clearly now with the industry coming back and us coming back even faster because of the increasing market share that we're going to have a chance to increase production as we mentioned in the second quarter that we're going to do and now we're going to have a chance to offer great cars and careers at ford again. >> reporter: i was listening to your call this morning with analysts and you talked ab
many men i got? it takes a toll on you. 17a, you're going to have a white toyota truck pulled up against the guardrail, sandwiched up against... when i get done, i just want to close my eyes. my body's not physically fatigued, but my eyes are fatigued. and when you're moving large numbers of personnel and equipment around, you don't get a lot of rest. the people that are planning the mission, they look at a map of what it's going to take to get from point a to point b, and how long it's going to be. but they don't take in consideration what could happen on the road. >> scranton: it was clear what was making bad voodoo's missions so long. attacks like this one, at a base in kirkuk, where the convoy was briefly resting and refueling, could keep them trapped in place for hours. >> it's code red right now. as soon as we were leaving the tent, an explosion went off-- which probably means indirect fire-- and then the alarms went off. "code red" means everyone needs to get inside and take cover. unless it goes down to yellow, then we're not going to be leaving. >> it's getting worse! >>
. march was a strong month for u.s. auto sales-- thanks to heavy incentives for buyers. nissan and toyota today announced gains of more than 40%. ford sales were up nearly that much. general motors and honda rose more than 20% each. chrysler was down 8%. wall street closed out the week on a high. the rally followed reports first-time jobless claims fell this week and factory output rose in march at the fastest rate in five years. as a result, the dow jones industrial average gained more than 70 points to close at 10,927. the nasdaq rose four points to close at 2,402. the markets will be closed tomorrow, for good friday. overall pay for corporate executives fell slightly last year. that finding came today in a survey done for "the wall street journal". it said executive compensation has been down two straight years-- the first time that's happened in 20 years. at the same time, "the washington post" reported companies are ignoring federal guidelines and paying more executives in cash. the guidelines are designed to shift the focus of pay to longer-term corporate gains. the confessed killer
Search Results 0 to 21 of about 22 (some duplicates have been removed)